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Residential underwriters @ Kotton Kare

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 Residential underwriters

Job Description

We are hiring on urgent basis for following

Please find jd for underwriter.


Skill sets:

Ability to identify mortgage documents & review basic and critical checkpoints

Able to review credit report & apply thumb rules for types of accounts (e.g., Collection, 30 days open accounts, Installment, Revolving, student etc.,)

Knowledge about public records & waiting period, Delinquencies

Able to review HOI document, Document requirements for Self-employment (exception income calculation)

Basic guidelines requirement for credit & asset

Large deposit, Investment/retirement account requirements

MI requirements, LTV calculation, DTI formula

AUS types

Process
Sr. Processors (Underwriting)
No. of Requirements
20
Gender
Male / Female
About Process
Ability to UW manually on complex transactions to ensure the loan meets established guidelines.
Compute income and debt ratio calculations following program guidelines and ability to repay requirements.
Perform mortgage credit analysis without the assistance of AUS.
Maintain production goals & standards in accordance with established SLAs and metrics.
The candidate may be required to perform other job-related tasks
Perform evaluations on appraisal products
Updates himself regularly with Company policies on Information Security Management System
Ensure adherence to legal & regulatory requirements as applicable to the nature of work
Ensure Process adheres to legal & regulatory requirements as applicable to the nature of work
Ensure adherence to the Contractual Requirements of the Process/Function
Cooperate with Compliance and Security officers with Security Investigations
Monitor Compliance adherence and ensure a monthly review of status
Facilitate Regular Audits to detect any compliance or contractual
breaches and encourage continuous improvements
Ensure Risk assessment is conducted for the process at the start of
Operations and on any major change-taking place.
Review Risk Assessment document and implement mitigations strategies
Title
Sr. Processor
Location
(Sholinganallur) Chennai
Requirement
Excellent communication skills required (B29)
Should be able to calculate all income types (e.g. wage earner, retirement, self-employed)
Deep knowledge of FHA, VA, Fannie Mae and Freddie Mac guidelines
Proficiency in MS-Excel
Good understanding of title
Good understanding of TRID requirements
Education
Graduate / Post Graduate 4+ years of experience in US Residential Mortgage Conventional Underwriting / Pre Purchase Review
Candidates having 2+ years of experience in Conventional / FHA/ VA loan underwriting will be preferred
Candidate should have experience US Residential Mortgage for respective roles
Shift timings
5:30pm to 6:30am (Any 9 hours shift)
Transport Boundaries
NA
Transport Facility
NA (But target candidates from nearby location only)
Salary Range
4 to 8 Lacs pa
Weekly Off
2 Rotational Off
Age
Upto 35 years
USP
Brand, Salary, Designation
Rounds of Interview
HR- Telephonic (Check previous experience, Qualification, Age, Communication skills, Compensation, Stability)
Operations - Videocall (Check stability & knowledge, discuss salary, Checks communication)

Kindly share your updated cv & refer your friends

8855074*** / 7620806***

Employement Category:

Employement Type: Full time
Industry: BPO / Call Center
Role Category: Risk / Underwriting
Functional Area: Not Applicable
Role/Responsibilies: Residential underwriters

Contact Details:

Company: Kotton Kare
Location(s): Multi-City, India

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₹ 4.0 - 8 Lakh/Yr

Kotton Kare

Please find jd for underwriter.Skill sets:Ability to identify mortgage documents & review basic and critical checkpointsAble to review credit report & apply thumb rules for types of accounts (e.g., Collection, 30 days open accounts, Installment, Revolving, student etc.,)Knowledge about pub...